Are Your Assets & Business Totally Protected Going into 2013?

by

Are Your Assets & Business Totally Protected Going into 2013?

Do You Need to Form Another Entity in January to Really Protect Your Assets? Or, Are You Starting Another Business?

As another year comes to an end, we hope yours was successful and you are looking forward to the New Year.

As part of your New Year goals and plans it is really important to determine if there are other areas to protect your business or assets. Let me ask you an important question that comes out often this time of the year.

Are you considering forming another entity in January (or December)?

Here is a list of the Top 10 Areas to Protect Your Current and Future Assets and Form another Entity.

Here are the top reasons our research shows you should consider:

10. An LLC to protect the stock of your C Corporation. Even if your living trust owns the stock of the C corporation that will not provide protection from liability (the exception is a Nevada C corporation because Nevada is the only state in the country with the charging order protection for corporations). Are you a part of a C corporation as a majority owner with other partners? How do they hold their ownership interest? If they own it personally that is an issue. Don’t let happen to you what did to a prospect a few years ago when he lost his $3 million computer company from a personal lawsuit!

read more

Are Your Business and Assets Protected Properly?

by

Are Your Business and Assets Protected Properly?

Are you assets really protected in today’s uncertain financial economy?

Perhaps you have already formed an entity to protect your business from audit, taxes and liability.

Now, I have an important question:

Have you taken the time to protect your other assets?

Here are the Top 5 Areas where Your Assets May be Exposed:

1. The ownership of your current company (especially if you have a S or C corporation). High revenue and profit LLCs may be at risk also).
2. Domain names. If you have any value in your “virtual real estate” the worst place to hold your domain names is in your name personally or the name of your operating business.
3. Safe assets being owned in your own name, living trust (does not protect assets or investmetns from liability) or operating company.
4. New joint ventures operating through your current operating business.
5. Your intellectual property owned personally.

Do you see an area where you may be vulnerable?

read more

The Transition from a Sole Proprietorship to a Corporation or Limited Liability Company

by

The Transition from a Sole Proprietorship to a Corporation or Limited Liability Company

Forming a separate legal entity is a smart move when it comes to developing credibility, lowering your audit risk and protect your personal assets. Most people do not complete the transition and are still operating part of their business as a sole proprietorship and part as a new entity.

This creates a lot of problems as you can imagine including exposure to your personal assets when you probably thought you were protected.

Below is a checklist that will help you double check to see if you are on the right track with your
business entity.

___1. Form a separate legal entity. The most common choices are either a corporation or LLC. A corporation
may be taxed as a regular corporation or an S corporation. An LLC can be taxed as a disregarded entity, an
S or C corporation or a limited partnership. All choices have advantages and disadvantages. An LLC has
an extra layer of protection called the “charging order” that protects the ownership interest if a partner is
sued personally for something unrelated to the operating company.

___2. Obtain a NEW EIN number (each separate legal entity requires a new EIN number).

___3. Obtain a corporate or LLC record book with the proper bylaws or operating agreement. If an LLC, the
operating agreement should match the number of members (owners) and the taxation type. For example,
a two-member LLC taxed as an S corporation has a different operating agreement than a single-member
LLC taxed as an S corporation.

___4. Obtain support with the completion of the corporation or LLC record book with both online support
and live offi ce support. When you work with NCP, our staff will schedule a 30-minute record book review
with you and you will have full access to our NCPmembers.com members area.

read more

Are all Your Assets Protected and Estate Planning Completed? July Special Opportunity…

by

Are all Your Assets Protected and Estate Planning Completed? July Special Opportunity…

Here are the Top 6 Areas where Your Assets May be Exposed:

  1. Operating your business as a sole proprietorship. Not only are all your current and future assets exposed you are risking an audit especially with the new health care plan being approved (over 16,000 more IRS agents are being hired for more audits).
  2. The ownership of your current company (especially if you have a S or C corporation). High revenue and profit LLCs may be at risk also).
  3. Domain names. If you have any value in your “virtual real estate” the worst place to hold your domain names is in your name personally or the name of your operating business.
  4. Safe assets being owned in your own name, living trust (does not protect assets or investments from liability) or operating company.
  5. New joint ventures operating through your current operating business.
  6. Your intellectual property owned personally.

Do you see an area where you may be vulnerable?

Here is what your current or future assets
are up against:

read more

17 Million Sole Proprietorships are Considering Incorporating in January…And You can Get Paid

by

Why this is a Great Opportunity Now:

Keep in mind that JANUARY is the MOST POPULAR MONTH for entity filings throughout all 50 states.

This is the time of the year; people will evaluate their business structure and make the switch from a sole proprietorship to a separate legal entity.

They may be searching online for solutions and pricing. Most are guessing at what type of entity may be best and many times do not have the correct operating agreement or filings with the IRS (which all cause problems down the road).

The Easy Process to Refer to NCP:

You can simplify the process for them and refer them directly to NCP. The simple way is to just have them call NCP at 1-888-627-7007 and have them speak to our staff.

When you advise a business associate to call our company to inquire on how we may help them, just say:

“I came across a great company that has been helping business owners get off to a fast start for the last 13 Years. They help you with everything — from incorporating your business, to building business credit, to keeping the IRS off your back. Plus they have great tools to help grow your business. Check out their powerful new FREE CD, Get Your Business Off to a Fast Start to Profits™, which will cover costly mistakes made when form an LLC or corporation and other value tips to protect your assets.  Just go to their website, www.nvinc.com and call them at 1-888-627-7007. Let them know you were referred by me and they will take great care of you!”

read more